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City of Armadale

Housing valuation

At June 2018, City of Armadale had a median house valuation of $385,803, $116,616 lower than the median house valuation for Greater Perth.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Housing Valuation System

Housing values
City of Armadale20182014Change
Housing value (at June)City of ArmadaleGreater PerthCity of Armadale relative to Greater PerthCity of ArmadaleGreater PerthCity of Armadale relative to Greater Perth2014 to 2018
House--------------
First Quartile$295,414$391,783-24.6%$336,199$456,487-26.4%-$40,785
Median$385,803$502,419-23.2%$427,073$570,796-25.2%-$41,270
Third Quartile$503,360$686,696-26.7%$568,368$745,251-23.7%-$65,008
Unit--------------
First Quartile$208,303$289,477-28.0%$267,090$353,450-24.4%-$58,787
Median$240,033$364,574-34.2%$303,759$438,230-30.7%-$63,726
Third Quartile$260,475$459,195-43.3%$324,093$547,502-40.8%-$63,618

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, Greater Perth: $459,195 Median, Greater Perth: $364,574 First Quartile, Greater Perth: $289,477 Third Quartile, Greater Perth: $686,696 Median, Greater Perth: $502,419 First Quartile, Greater Perth: $391,783 Third Quartile, City of Armadale: $260,475 Median, City of Armadale: $240,033 First Quartile, City of Armadale: $208,303 Third Quartile, City of Armadale: $503,360 Median, City of Armadale: $385,803 First Quartile, City of Armadale: $295,414
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, Greater Perth: $-88,307 Median, Greater Perth: $-73,656 First Quartile, Greater Perth: $-63,973 Third Quartile, Greater Perth: $-58,555 Median, Greater Perth: $-68,377 First Quartile, Greater Perth: $-64,704 Third Quartile, City of Armadale: $-63,618 Median, City of Armadale: $-63,726 First Quartile, City of Armadale: $-58,787 Third Quartile, City of Armadale: $-65,008 Median, City of Armadale: $-41,270 First Quartile, City of Armadale: $-40,785
Source: Hometrack 2014-2018, Housing Valuation System

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